“The profit margin of the average convenience store, gas station, or
supermarket, for example, is under 2%. Credit card fees are 2% or more
of nearly pure profit. The results can be absurd: banks and credit card
issuers making more from a restaurant’s burgers, a bookstores books, or a
corner store’s groceries than the store owners and employees” [Priceonomics].
No comments:
Post a Comment
One of the objects if this blog is to elevate civil discourse. Please do your part by presenting arguments rather than attacks or unfounded accusations.